SIGEBRI: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SIGEBRI
Largest movements
- Cash -€6,854
down €6,854 (-78.0%), from €8,792 to €1,939
mainly Net result for the year (-€4,069) and Trade debts (-€1,438)
- Reserves -€4,069
down €4,069 (-2.2%), from €188,455 to €184,386
of which Non-distributable reserves: -€5,750
- Gross operating margin +€2,677
up €2,677 (+43.6%), from -€6,144 to -€3,467
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,608 | €286,755 | -€6,854 | -2.3% |
| Fixed assets | 21/28 | €228,763 | €228,763 | = | 0.0% |
| Financial fixed assets | 28 | €228,763 | €228,763 | = | 0.0% |
| Current assets | 29/58 | €64,845 | €57,991 | -€6,854 | -10.6% |
| Stocks and contracts in progress | 3 | €14,500 | €14,500 | = | 0.0% |
| Stocks | 30/36 | €14,500 | €14,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,553 | €41,553 | = | 0.0% |
| Trade receivables | 40 | €1,350 | €1,350 | = | 0.0% |
| Other amounts receivable | 41 | €40,203 | €40,203 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,792 | €1,939 | -€6,854 | -78.0% |
| Total equity and liabilities | 10/49 | €293,608 | €286,755 | -€6,854 | -2.3% |
| Equity | 10/15 | €245,955 | €241,886 | -€4,069 | -1.7% |
| Contributions | 10/11 | €57,500 | €57,500 | = | 0.0% |
| Reserves | 13 | €188,455 | €184,386 | -€4,069 | -2.2% |
| Non-distributable reserves | 130/1 | €5,750 | - | -€5,750 | |
| Reserves not available under the articles | 1311 | €5,750 | - | -€5,750 | |
| Distributable reserves | 133 | €182,705 | €184,386 | +€1,681 | +0.9% |
| Amounts payable | 17/49 | €47,653 | €44,869 | -€2,785 | -5.8% |
| Amounts payable within one year | 42/48 | €47,653 | €44,869 | -€2,785 | -5.8% |
| Trade debts | 44 | €1,438 | €0 | -€1,438 | -100.0% |
| Suppliers | 440/4 | €1,438 | €0 | -€1,438 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,278 | €303 | -€975 | -76.3% |
| Taxes | 450/3 | €1,278 | €303 | -€975 | -76.3% |
| Other amounts payable | 47/48 | €44,937 | €44,566 | -€371 | -0.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,144 | -€3,467 | +€2,677 | +43.6% |
| Operating profit (loss) | 9901 | -€6,531 | -€3,866 | +€2,665 | +40.8% |
| Financial charges | 65/66B | €228 | €203 | -€25 | -10.9% |
| Recurring financial charges | 65 | €228 | €203 | -€25 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,759 | -€4,069 | +€2,689 | +39.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,759 | -€4,069 | +€2,689 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,759 | -€4,069 | +€2,689 | +39.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.